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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Renewable Power | RPL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 750.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 750.00 | 750.00 |
| Top Posts |
|---|
Posted at 07/5/2008 22:53 by pezza2 1 May 08Renewable Power & Light RPL (Renewable Power and Light) reported 2007 results revealing a US$ 15.6m operating loss for 2007 on revenues of US$ 1.63m. Due to the contractual failure by the group's suppliers of palm oil in July last year, which was to provide feedstock for biodiesel at an attractive cost, the group was unable to run its two power plants as initially planned. Instead the group has only operated in peaking mode using natural gas as a feedstock and earned revenue from capacity and steam sales. Valuation - At end December 2007 the group had cash of 43.4p/share and net cash of 20.6p/share. On a going concern basis Libertas Capital estimates the current NAV at 35.9p/share including 18.4p in cash assuming realisation of 50% of the cost of the group's biodiesel assets. Libertas Capital is expecting a cash burn of only US$ 4m to year-end 08E giving an NAV of 31.7p. Against this level the shares are trading on a discount of 50% to current NAV and 44% to estimated year-end '08E NAV with just under 50% of NAV is represented by cash. Group EV is currently £1.7m Libertas Capital estimates. If RPL is valued on a liquidation basis, the value per share could be somewhat lower; most of the value in its power plants (equivalent to 12p /share) would be realisable Libertas Capital believes but it would get little value for its biodiesel assets under fire-sale conditions. These biodiesel assets are in the FY 2007 balance sheet at 10p/share. The group also has US$ 11m of tax losses carried forward for which no tax asset has been raised. If the group were to be utilised by a profitable business in the US as a listing vehicle these losses are potentially worth US$ 3.8m or 2p/share. Providing investors are willing to put their faith in management, with cash burn now under control and given the good cash backing of 18.4p share, investors can look for upside particularly given good asset realisation. RPL is a high risk but potentially rewarding situation. Strategy - The group's strategy is to negotiate a sale of the biodiesel plant and the lease and term agreement for the biodiesel site. It is currently in negotiations for their sale although it is uncertain when or if they will result in a transaction. The group continues to operate its two power plants for peak electricity needs only, using natural gas while it continues to look for alternative feedstock. Management has also sought to reduce costs through the closure of an office in Calgary, a reduction in power station running costs, reclassification and a reduction in property taxes and the renegotiation of leases. With a lower cost base and additional revenues (eg sublease of rail stock) it expects to reach close to break even in 2008. It is also considering other options for its power plants; either outright sales or joint ventures. The group also continues to look at other opportunities in the renewable energy sector. Prospects - In addition to cost reduction, which will enable the group to reach breakeven by late-2008, it plans to increase transmission capacity by upgrading its output line to the grid which will enable it to transmit more power into the grid at peak times. The required investment of US$ 0.5m is expected to yield US$ 1.0m in additional Listing AIM Code RPL Price 17.5p 12 mth range 13.5-131.5p Market Cap £16.7m SMALLER COMPANY REVIEW May 1 2008 6 revenues pa. Earnings for the power plants are somewhat dependent upon weather since peak off take usually occurs only during extreme cold or hot weather While RPL is in negotiations to sell its mothballed biodiesel plant, it continues to incur 'caring' costs but these are relatively low. Legal costs also continue while the group is in negotiations on the sale of assets and renegotiation of contracts. |
Posted at 22/4/2008 15:42 by asparks the 8 p trade was just an internal fund transfer with one of their large investors |
Posted at 07/4/2008 12:34 by millionairefools An important part of the progress made to date has been the initiation ofdiscussions with potential co-investors, a number of which are at an advanced stage. As a result, RPL now has exclusive rights to co-invest in a number of renewable energy projects that would diversify its asset base and enhance the value of its power plants. In addition, discussions are on-going with potential purchasers of the biodiesel facility." =============== this was in nov 07, wtf are these guys upto! |
Posted at 12/10/2007 22:12 by maestro4 power struggle going on, and these guys topped up!!I just hope poor investors money doesnt go down the pan in legal proceedings. Companies got the potential plants are raring to go just need the palm oit but school boy fighting needs to stop.. |
Posted at 04/10/2007 10:13 by larry63 Do not expect any positive news from RPL anytime soon. As an investor RPL has proven that they do not know what they are doing and may not have the expertise to resolve the supply issue. |
Posted at 27/9/2007 19:36 by boffster e-mail sent to RPL.Dear Sir or Madam As a private investor, recent events have left me somewhat concerned about the likely future of the company. My first concern is this. On 13th July when shares in RPL recommenced trading after the share suspension, RPL stated that the market's reaction was 'overdone'. However, there has been to my knowledge not one purchase of shares by a director, despite the stock trading at well below Net Asset Value. This suggests to me a lack of confidence by the directors in the business model. The recent interim results also of concern as they highlighted the lack of progress made in sourcing an alternate feedstock supply. With the price of Palm Oil pushing apparently ever north, it seems very unlikely to me that the company will be able to purchase Palm Oil economically. Even if a plantation could be acquired, it would presumably be more profitable to simply sell the Palm Oil on the open market. I would like to know what prospects there are for sourcing an alternate feedstock, and whether there is the possibility that such feedstocks could be purchased / produced economically. If it is seen as unlikely that the company will be able to source a feedstock which would allow it to operate profitably, then I would suggest that it would be the duty of the directors to maximise shareholder value by liquidisation of the company, before such a time as administrative costs have consumed all assets. I look forward to your response. |
Posted at 04/9/2007 19:31 by maestro4 3 week notice, the accounts are almost ready, a new senior manger appointment will most definately be confirmd and trading update will do. I really do hope they grow there own palm oil that way they the can make money in both divisions, palm oil sales and electricity/power sales.the fall has been overdone, at the end of the month investors will realise just how oversold rpl was. Should at least be trading above nav. edit: trade of 5000 shares today showed up as a delay trade from 8.50am. strange... |
Posted at 31/8/2007 22:30 by maestro4 late September interims, its on the last rns, it will be very suspect if they miss the deadline. i dont think they will do that.Trust me, once the interims are out and the directors have eased investors concerns this will be trading above there NAV. I think investors are worried about the cash burn at present which no one knows at present. Robin_of_Loxley if they grow there own plantation, then the company wont have a problem. They have the cash to do that. Just look at d1 oils.... Tell me one aim company which has produced profits on time. omlette if you go to the website and look the financial calender it states that interims are out in sept. |
Posted at 26/8/2007 13:53 by maestro4 has anyone seen the top 10 institutional investors on rpl website, they count for around 72% of share capital. Then you have around 18% which the directors own, and then you have 4% which pilgrims bought recently. So is there only 6% available to the public at present.this will move fast, on positive news. |
Posted at 25/7/2007 16:07 by nilip Neo, Don't worry about it, your previous post was spot on : ____________________ Neo123 - 22 Jul'07 - 17:08 - 287 of 301 i don't know why investors are getting worried, $50m in cash, subtract $15m for this years expenditure. That leaves a hefty $35m for aquisitions, indonesia a good place to start. RPL will be fine. We will grow our own plantations, we have the capital. ____________________ |
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